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  • GBP/USD is currently consolidating the 170-pip sell-off seen of  Monday after GBP/USD rejected the daily 50-period simple moving average at 1.3372.  
  • GBP/USD bulls are now trying to regain the 1.3300 figure for the second time on Tuesday.
  • A failure at 1.3300 would likely see GBP/USD comes back to 1.3250 while a breakout above 1.3300 can see a spike to the weekly high near the 1.3363 level.

GBP/USD 15-minute chart  

Spot rate:               1.3276
Relative change:      0.12%      
High:                      1.3302
Low:                       1.3223

Trend:                    Neutral to bearish

Resistance 1:        1.3300 figure
Resistance 2:        1.3363 weekly high
Resistance 3:        1.3400 figure
Resistance 4:        1.3472 June’s high

Support 1:             1.3250 June 4 high
Support 2:             1.3200 figure
Support 3:             1.3155 former breakout point
Support 4:             1.3100 figure
Support 5:             1.3049 current 2018 low
Support 6:             1.3027 October 6, 2017 swing low